The rent prices in real estate in Tiverton, in the Rhode Island region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Tiverton has had a strong fall during the last 6 months. In May, the average price per sq.feet was $1.51. In June this price barely changed remaining at $1.45 per sq.feet. The price for the following two months in (July, August) fell 87 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 76 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.38 to $1.04 during September, and October.
When referring to the price in Tiverton (cities), this has fallen in the last 6 months. The average price for May is $1,748. During June the price had a slight fall till $1,576. During the following two months (July, August) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,588.75 to $1,480.5 in September and October.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of $1,408 they are 2 % more expensive than the average price for Tiverton. Following this ranking we find those properties with 1 at an average price of $1,496. The properties with the highest average price have 3 bedrooms, Their price is 11 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,496.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 0 % more affordable than the average price of ($1 / sq.feet) in Tiverton. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 0 % more affordable than the average value aforementioned.
According to average price per property type in Tiverton, "" priced at $1,345 is 4 % lower than the average price ($1,408) in this city.